Mention615047

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so:text The model retains the uncomfortable property that any increase in demand for home output ... leads to nominal and real appreciation... The uncomfortable fact remains that even in this model there is a short-run tendency for an expenditure increase to induce an appreciation... Expansionary fiscal policy will lead to an initial depreciation of the nominal and real exchange rate if ... is accommodated by an expansion in nominal money. (en)
so:isPartOf https://en.wikiquote.org/wiki/Rudiger_Dornbusch
so:description Open economy macroeconomics, 1980 (en)
qkg:hasContext qkg:Context302770
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qkg:Quotation583087 qkg:hasMention
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